Selling continued in local wheat futures due to higher production forecast for the current year.The Indian agriculture scientist predicted that India's wheat production to touch 100 million tonnes as normal temperature, no pest infestation and a forecast for more rainfall and chilly weather in January will boost the crop prospects. On the other side, the latest update from United States Department of Agriculture (USDA) has increased the global 2017/18 wheat supplies a by 4 million tonnes to 755.20 million tonnes, primarily on higher production forecasts. Canada and the European Union more than offsetting production declines in Brazil, South Africa, and Yemen. Canadian wheat production is raised 3.0 million tons to 30.0 million, largely on increased yields in the Prairie Provinces as reported in Statistics Canada's Production of Principal Field Crops report, released on December 6. EU wheat production is raised 1.0 million tons to 152.5 million, mainly on higher production in Romania, Poland, Latvia, and Bulgaria. The NCDEX January Wheat futures plunged by 1.36% today to close at Rs 1653 per quintal.
Since 1986, Capital Market Publishers India Pvt Ltd is undertaking equity research, publishing an investment fortnightly magazine, data-vending and software production. Analysts track industry, companies and the economy. Branches in the metros and major cities ensure comprehensive coverage.
The major strength is equity research. Stock-picking for investor’s portfolio is preceded by rigorous research. The advisory services are transmitted through Capital Market magazine, newsletters, Telefolio. Almost 85% of the scrip’s recommended by us show appreciation. On an average we outperform the Bombay Stock Exchange Sensitive Index twice over, and sometime three times. Our independent status insulates us from influence from brokers and other market participants, ensuring that the selection of stocks and research are unbiased.
We are also pioneers in corporate databases - Capitaline, Mutual Fund database - Navindia
For the best experience please go back to portrait mode.